Rothschilds to advise on Telia/Telenor sale

Rothschilds, the European investment bank, has won the mandate to advise Telia/Telenor, the newly merged Nordic telecoms group, on the sale of its cable businesses for an estimated $4bn (e3.8bn).

Rothschilds, which is currently handling the controversial sale of Deutsche Telekom's cable businesses, is understood to have beaten off Warburg Dillon Read, which is handling the $3bn auction of Switzerland's CableCom. One source familiar with the situation said that Rothschilds had been chosen over Warburgs because Telia/Telenor...